Lockheed Martin CORP: insider trades · United States · SEC (Form 4)

About Lockheed Martin CORP

Lockheed Martin Corp. is one of the world’s leading aerospace and defense contractors. The company is listed on the U.S. market, NYSE, under the ticker LMT, and is headquartered in Bethesda, Maryland, in the United States. For French, Belgian and Swiss investors, it represents a core defense franchise with a strong strategic profile: its revenue base is heavily tied to U.S. defense spending, while a smaller portion comes from allied government customers and selected commercial or international programs. The company was formed in 1995 through a merger of Lockheed Corporation and Martin Marietta, both of which trace their roots back to 1912. Lockheed Martin is organized into four operating segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. Aeronautics is the flagship business and includes major tactical aircraft and sustainment programs such as the F-35, alongside airlift and advanced aeronautical research and development. MFC focuses on precision engagement systems, missiles, fire control, air and missile defense, and related support solutions; the segment also serves customers in more than 50 countries across multiple product and service lines. RMS brings together mission systems, naval and ground-based combat systems, sensors, command-and-control capabilities, and rotary-wing platforms through Sikorsky. Space covers satellites, space payloads, strategic missile systems and space security solutions. From a competitive standpoint, Lockheed Martin holds a premier position in large, highly complex defense programs where technical credibility, systems integration, manufacturing scale and long program durations are decisive advantages. Its competitive moat is reinforced by high switching costs, deep customer relationships, and a backlog that provides substantial revenue visibility. Management has also emphasized that the majority of sales are generated with the U.S. government, with the remaining business coming from international government and commercial customers. Recent developments underscore the company’s momentum. In its full-year 2025 results released in January 2026, Lockheed Martin reported sales of $75.0 billion, record backlog of $194 billion and free cash flow of $6.9 billion. In its first-quarter 2026 update, the company reported sales of $18.0 billion and highlighted continued demand across its core franchises. In March 2026, management also stressed increased investment in next-generation defense technologies, including autonomy, digital twins and AI-enabled engineering, signaling a stronger focus on future capability development and long-term competitiveness.